The temporal interdependence between saving and output has been in focus in a number of recent empirical studies. Results from these studies have compelled some authors to question the traditional notion of a causal chain where saving leads growth through capital accumulation. This paper...

An often heard view is that exchange rate variability will decrease for a country that joins the EMU. This is not necessarily true. Both real and nominal exchange rate variability increase under certain circumstances when asymmetric demand shocks occur inside or outside the union. These results...

This study was prepared by Nadine Fabritz while she was working at the Ifo Institute for Economic Research in the Department for Human Capital and Innovation. It was completed in June 2014 and accepted as a doctoral thesis by the Department of Economics at the University of Munich in October...

Gustav Schmidt (Herausgeber): Großbritannien und Europa - Großbritannien in Europa. Sicherheitsbelange und Wirtschaftsfragen in der britischen Europapolitik nach dem Zweiten Weltkrieg. Studienverlag Dr. N. Brockmeyer, Bochum 1989. X, 387 Seiten, 54,80 DM